Herc (NYSE:HRI) Hits New 52-Week Low - Here's What Happened

Herc Holdings Inc. (NYSE:HRI - Get Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as $108.95 and last traded at $109.80, with a volume of 164978 shares. The stock had previously closed at $117.66.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Herc from $225.00 to $140.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Citigroup cut their price target on Herc from $165.00 to $140.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. The Goldman Sachs Group reissued a "buy" rating and set a $146.00 target price (down from $171.00) on shares of Herc in a research report on Tuesday. Barclays dropped their price objective on shares of Herc from $250.00 to $160.00 and set an "overweight" rating for the company in a research note on Thursday. Finally, Robert W. Baird dropped their price objective on Herc from $129.00 to $110.00 and set a "neutral" rating for the company in a research note on Wednesday. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $139.20.

Herc Stock Performance

The company has a debt-to-equity ratio of 2.99, a quick ratio of 1.38 and a current ratio of 1.38. The firm has a market cap of $3.09 billion, a P/E ratio of 14.63, a PEG ratio of 1.61 and a beta of 1.93. The stock's 50-day moving average is $130.80 and its 200 day moving average is $178.48.

Herc (NYSE:HRI - Get Free Report) last released its earnings results on Tuesday, April 22nd. The transportation company reported $1.30 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $2.51 by ($1.21). The firm had revenue of $861.00 million for the quarter, compared to the consensus estimate of $841.67 million. Herc had a return on equity of 26.48% and a net margin of 5.91%. During the same quarter last year, the company posted $2.36 EPS. On average, research analysts predict that Herc Holdings Inc. will post 12.84 earnings per share for the current year.

Herc Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, March 4th. Stockholders of record on Tuesday, February 18th were paid a dividend of $0.70 per share. The ex-dividend date was Tuesday, February 18th. This represents a $2.80 dividend on an annualized basis and a dividend yield of 2.58%. This is a boost from Herc's previous quarterly dividend of $0.67. Herc's dividend payout ratio is currently 37.79%.

Institutional Trading of Herc

Several institutional investors and hedge funds have recently bought and sold shares of the business. Allspring Global Investments Holdings LLC acquired a new position in Herc in the 1st quarter valued at $11,259,000. Midwest Financial Group LLC boosted its stake in shares of Herc by 21.4% in the 1st quarter. Midwest Financial Group LLC now owns 1,603 shares of the transportation company's stock valued at $215,000 after purchasing an additional 283 shares in the last quarter. Vista Finance LLC grew its position in Herc by 8.0% during the 1st quarter. Vista Finance LLC now owns 1,590 shares of the transportation company's stock worth $213,000 after acquiring an additional 118 shares during the last quarter. Handelsbanken Fonder AB increased its stake in shares of Herc by 8.0% in the first quarter. Handelsbanken Fonder AB now owns 6,758 shares of the transportation company's stock valued at $907,000 after buying an additional 500 shares during the period. Finally, Rhumbline Advisers grew its stake in shares of Herc by 3.9% in the first quarter. Rhumbline Advisers now owns 42,982 shares of the transportation company's stock worth $5,772,000 after purchasing an additional 1,601 shares during the last quarter. Institutional investors own 93.11% of the company's stock.

Herc Company Profile

Herc Holdings Inc, together with its subsidiaries, operates as an equipment rental supplier. It rents aerial, earthmoving, material handling, trucks and trailers, air compressors, compaction, and lighting equipment, as well as generators, and safety supplies and expendables; and provides ProSolutions, an industry specific solution based services, such as pumping solutions, power generation, climate control, remediation and restoration, and studio and production equipment.